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Strategies & Market Trends : ZenWarrior's Trading Paradise -- Ignore unavailable to you. Want to Upgrade?

To: manfmnantucket who wrote (302)	4/3/2001 1:08:04 PM
From: ZenWarrior	Read Replies (1) \| Respond to of 2462

LOL MFN... please know that I mean no offense... just debating the issue: The NAS hasn't yet returned to its long-term uptrend line near 1600 I'm not sure where you see this? On a log chart, NAZ uptrend support has already been broken. On a linear chart, NAZ uptrend support is around the 1700-1750 area? 1500 is the next level of support on either chart? when they originate from normal bull-market trends, as opposed to speculative manias Don't you thnk the bear has been just as harsh as the bull was speculative? We're at a low not seen since 1998 for goodness sake! The DJIA, on the other hand, has only just begun a decisive move down from its consolidation above 10K. Agreed... I'm skeptical on the DOW. It has held up way too well, and is still overvalued in my eyes. why would one expect an uptrend to resume, until business once again shows signs of health? Because the market looks ahead, not back. I believe the economy will start doing well later this year. Fed cuts will ensure that. But first we need to look back at this quarters' earnings... which is why I'm cautious near term. - Zen